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A restaurant chain borrows $100,000 from a bank. over eight years, the restaurant chain will pay the loan back in monthly payments which will total $130,000. why would the business take out a loan when
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A restaurant chain borrows $100,000 from a bank. over eight years, the restaurant chain will pay the loan back in monthly payments which will total $130,000.

why would the business take out a loan when it will pay out more than it receives?

User Ebru
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1 Answer

6 votes
They might not have enough at the moment but when time tells they get more money. Also since it is fair to the bank I guess.
User Rohit Tigga
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8.5k points
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